Barclays analyst Tom O’Malley lowered the firm’s price target on NXP Semiconductors (NXPI) to $190 from $230 and keeps an Overweight rating on the shares. The firm updated semiconductor and semiconductor capital equipment models to reflect tariffs and the trade war ahead of Q1 earnings. The analyst reduced target multiples on China and consumer risk.
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Read More on NXPI:
- NXP Semiconductors price target lowered to $229 from $257 at Morgan Stanley
- NXP Semiconductors price target lowered to $170 from $210 at Stifel
- NXP Semiconductors price target lowered to $215 from $235 at BofA
- NXP Semiconductors price target lowered to $220 from $290 at Citi
- NXP Semiconductors upgraded to Buy from Neutral at Arete